Tag: premiums

What is a 'Health Reimbursement Account - HRA' A health reimbursement account (HRA) consists of employer-funded plans that reimburse employees for incurred...

What is 'Yearly Renewable Term Plan of Reinsurance' A type of life reinsurance where mortality risks are transferred to a reinsurer. In...

What is 'Yearly Renewable Group Term Insurance ' A type of insurance policy purchased by employers to cover several people at a...

What is yield spread premium Yield spread premium is the difference between the interest rate a borrower pays on a loan and the interest rate...

DefinitionProfessional liability insurance, also called professional indemnity insurance but more commonly known as errors & omissions in the US, is a form of liability...

What is 'Cancelable Insurance' This is insurance that may be canceled, at any time, by the insured party or by the insurance...

What is 'Call Premium' Call premium is the dollar amount over the par value of a callable fixed-income debt security that is...

What is 'Qualifying Annuity' This type of annuity is similar to any other, except that it has been approved by the IRS...

When most people think about retirement planning, the first thing that comes to mind is saving for their golden years. But what about investing...

What is a Qualified Mortgage Insurance Premium A qualified mortgage insurance premium (MIP) is a type of mortgage insurance that homebuyers are required to purchase...